Comtech Telecommunications Corp. (Nasdaq:CMTL) has announced that during its fourth quarter of fiscal 2018, its Command & Control Technologies group, through its Maryland-based subsidiary, Comtech Mobile Datacom Corporation, which is part of Comtech´s Government Solutions segment, was awarded option period one of a contract to support the BFT-1 program, the company said.
The option has an overall potential value of approximately USD 8.0 million. Including this order, to-date funding in the overall amount of USD 5.9 million has been received. The overall funded value of the contract inclusive of the Base and Option Year 1 is approximately USD 13.5 million.
These contract modifications are part of the five-year BFT-1 sustainment support contract for the US Army´s Project Manager Mission Command (PM MC) Blue Force Tracking (“BFT-1”) program.
Comtech continues to perform engineering services, satellite network operations and program management through a Firm Fixed Price (FFP) contract with Time & Materials (T&M) and Cost Reimbursement elements. Option period one performance period began April 15, 2018 and ends April 14, 2019, and the contract provides for three additional twelve-month option periods, exercisable by GSA.
Comtech Telecommunications Corp. designs, develops, produces and markets innovative products, systems and services for advanced communications solutions. The company sells products to a diverse customer base in the global commercial and government communications markets.